CGTF: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CGTF
Largest movements
- Receivables within one year +€110,541
up €110,541 (+7,088%), from €1,559 to €112,100
of which Other amounts receivable: +€98,441
- Cash +€36,286
up €36,286 (+416%), from €8,719 to €45,004
mainly Net result for the year (+€124,656) and Tax, wage and social debts (+€14,376)
- Profit (loss) carried forward +€124,656
up €124,656 (+1,418%), from €8,790 to €133,446
- Tax, wage and social debts +€14,376
up €14,376 (+186%), from €7,710 to €22,087
of which Taxes: +€14,432
- Other debts +€12,906
up €12,906 (+3.2%), from €401,612 to €414,518
- Financial income +€100,000
new in 2025: €100,000
- Gross operating margin +€23,131
up €23,131 (+163%), from €14,175 to €37,306
- Taxes +€7,459
up €7,459 (+223%), from €3,347 to €10,806
- Depreciation -€383
down €383 (-23.2%), from €1,651 to €1,268
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,113 | €572,311 | +€152,198 | +36.2% |
| Fixed assets | 21/28 | €409,835 | €415,207 | +€5,372 | +1.3% |
| Tangible fixed assets | 22/27 | €9,835 | €15,207 | +€5,372 | +54.6% |
| Furniture and vehicles | 24 | €2,846 | €8,978 | +€6,132 | +215% |
| Other tangible fixed assets | 26 | €6,989 | €6,229 | -€760 | -10.9% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €10,278 | €157,104 | +€146,826 | +1,429% |
| Amounts receivable within one year | 40/41 | €1,559 | €112,100 | +€110,541 | +7,088% |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €1,559 | €100,000 | +€98,441 | +6,313% |
| Cash at bank and in hand | 54/58 | €8,719 | €45,004 | +€36,286 | +416% |
| Total equity and liabilities | 10/49 | €420,113 | €572,311 | +€152,198 | +36.2% |
| Equity | 10/15 | €10,790 | €135,446 | +€124,656 | +1,155% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,790 | €133,446 | +€124,656 | +1,418% |
| Amounts payable | 17/49 | €409,323 | €436,865 | +€27,542 | +6.7% |
| Amounts payable within one year | 42/48 | €409,323 | €436,865 | +€27,542 | +6.7% |
| Trade debts | 44 | - | €260 | +€260 | |
| Suppliers | 440/4 | - | €260 | +€260 | |
| Taxes, remuneration and social security | 45 | €7,710 | €22,087 | +€14,376 | +186% |
| Taxes | 450/3 | €4,247 | €18,679 | +€14,432 | +340% |
| Remuneration and social security | 454/9 | €3,464 | €3,408 | -€56 | -1.6% |
| Other amounts payable | 47/48 | €401,612 | €414,518 | +€12,906 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,651 | €1,268 | -€383 | -23.2% |
| Other operating charges | 640/8 | €387 | €342 | -€46 | -11.8% |
| Gross operating margin | 9900 | €14,175 | €37,306 | +€23,131 | +163% |
| Operating profit (loss) | 9901 | €12,137 | €35,696 | +€23,559 | +194% |
| Financial income | 75/76B | - | €100,000 | +€100,000 | |
| Recurring financial income | 75 | - | €100,000 | +€100,000 | |
| Financial charges | 65/66B | - | €234 | +€234 | |
| Recurring financial charges | 65 | - | €234 | +€234 | |
| Profit (loss) for the period before taxes | 9903 | €12,137 | €135,462 | +€123,325 | +1,016% |
| Income taxes | 67/77 | €3,347 | €10,806 | +€7,459 | +223% |
| Profit (loss) for the period | 9904 | €8,790 | €124,656 | +€115,866 | +1,318% |
| Profit (loss) for the period to be appropriated | 9905 | €8,790 | €124,656 | +€115,866 | +1,318% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.